Regulatory and Prudential

Objective

The Regulatory and Prudential Subcommittee ensures that the ASF identifies and responds swiftly to proposals emanating from regulators and government locally and offshore.

Often, due to its complexity, securitisation has many touch points that can be affected by a single piece of legislation or regulation. The ASF seeks to ensure that views from all quarters of opinion are canvassed, and this subcommittee plays a key role in this process.

Responsibilities

The subcommittee is primarily responsible for monitoring prudential and conduct-of-business issues that could affect securitisation, typically encompassing ASIC, the Australian Prudential Regulation Authority, the Australian Competition and Consumer Commission and the Reserve Bank of Australia.

As part of its work, the subcommittee maintains dialogue with and responds to consultation papers issued by regulators.